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Berkadia’s Powerhouse Poll Sees Brighter Outlook for 2024
Berkadia’s newly issued 2024 Powerhouse Poll finds that private and institutional investors’ sentiment is expected to increase as economic conditions moderate. Despite headwinds for the living sectors due to the ongoing recovery, Berkadia’s investment sales advisors and mortgage bankers expect investors to be more active in 2024 as they pursue strategic investment opportunities.
The company’s survey finds that institutional investors’ transaction volume will grow in 2024 (72%). Although some investors may continue their cautious approach against the current capital markets backdrop, the majority of Berkadia respondents agree that private investors will have a leading role in acquisition activity (78%), followed by institutional investors (42%). An increase of capital coming from international investors is also expected.
“Investors’ ability to navigate this challenging environment in light of anticipated, persistent headwinds through 2024 only reinforces our belief in the industry’s desirability,” said Berkadia EVP and head of production Ernie Katai. “While multifamily fundamentals may be cooling off in many markets across the U.S., we are encouraged by investors’ positive sentiment to pursue strategic opportunities, both equity and debt.”
- ◦Sale/Acquisition
